Microfinance visits to seven groups: growing businesses
May visits found members expanding their businesses and supporting their families, and identified where more help is needed.
MASYAP’s microfinance programme gives members loans and training so they can provide for their families and build sustainable livelihoods.
In May 2024, the team visited seven support groups to follow up on members’ businesses and offer help where needed.
Progress
- Growing businesses: many members have started or expanded businesses, using their loans for stock, equipment and other essentials.
- Family income: the extra income is helping members pay for food, school and health care.
- New skills: members have built business management and financial skills through the training.
Where more help is needed
- Reaching customers: some businesses struggle to reach wider markets, and we are helping connect them with larger networks.
- Managing money: a few members need extra guidance, and we are running targeted training.
- New products: we are advising members on diversifying what they sell to meet demand.
Members’ stories
Mariam, a member of the Mtendere youth support group in Chiradzulu, used her loan to start a small grocery business. She has since expanded her stock and now sells a range of essentials to her community. Her income allows her to send her children to school.
A mother in the Kameza women’s support group invested her loan in selling potatoes and vegetables. With MASYAP’s training she has moved from buying in small quantities to large ones, and her business now supports her family.
We thank all our members for their determination, and our partners and donors for making the programme possible.
